Wärtsilä sells Gas Solutions business to German firm
Gas Solutions has operated independently to accelerate performance improvements and in 2024, the annual revenue of Gas Solutions was EUR 300 million.
Finnish sustainability major Wärtsilä has announced that it has agreed to divest its Gas Solutions business to the German private equity investor Mutares SE & Co. KGaA.
Wärtsilä said in its official statement that Gas Solutions is recognised as a market leader, offering innovative systems and comprehensive lifecycle solutions for the gas value chain. Its core expertise includes handling of gas in maritime transport, inert gas systems, enabling gas-to-power, and delivering liquefaction and biogas solutions. Operating globally, Gas Solutions supports customers on their journey towards a sustainable future through focus on lifecycle expertise, innovation and digitalisation.
As part of Wärtsilä Portfolio Business, Gas Solutions has operated independently to accelerate performance improvements and unlock value to Wärtsilä through divestment. In 2024, the annual revenue of Gas Solutions was EUR 300 million.
Bernd Bertram, Head of Portfolio Business, Wärtsilä said, “This divestment is yet another proof point of our Portfolio Business divestment strategy coming to life. With Mutares, Gas Solutions will have a strong platform to continue driving the business, for the benefit of its customers and the highly skilled Gas Solutions professionals.”
Johannes Laumann, CIO of Mutares, commented, “With this acquisition, we are expanding our presence in the energy and marine technology sectors. Gas Solutions brings a market-leading position, a highly skilled team, and a strong pipeline of opportunities. We see excellent prospects for the company in a rapidly growing market and look forward to supporting Gas Solutions as it embarks on its next phase of growth as a standalone company. Furthermore, this is another great case study for us in the Nordics of becoming the trusted carve-out partner in a very complex transactions.”
Wärtsilä Group
Wärtsilä helps the energy sector accelerate the transition towards a 100% renewable energy future with its market-leading technologies and power system expertise.
In the maritime sector, it makes sea operations smarter, cleaner and more efficient. One in three of the world’s large vessels already relies on our technologies – power, propulsion and other solutions – because you value reliability, safety and performance.
